Kaifa Headquarters held 2017 fourth quarterly business review meetingin January 19. During the meeting, Mr. Cheng Kwok Wing, the president, reviewedthe operating and development of 5 business units (BUs) in Futianfactory. In the fourth quarter, all business units made steady progress, andconstantly exploring the market to seek for development opportunities, which hasgradually good news. In addition, BUs continued to introduce fingerprint modulechip package,LED industry and other new businesses, and bringingvitality to the development of the company. Referring to the company's globalcurrent situation, president Cheng said that the company set upits subsidiaries in Japan, the United States, the Philippines in 2017, thedevelopment of overseas subsidiaries cannot be separated from the support ofthe central functional departments of the headquarters. Employeesneed to improve their language communication skills, provide support andservices for the construction of overseas subsidiaries, export the corporateculture and enhance the brand influence of the company. Forthe company's development direction, president Cheng pointed outthat the company headquarters carry out urban renewal real estate projects thatwill increase property revenue, and the company still has to adhere to thetraditional R&D and manufacturing operations. Mr. Mo Shangyun, Vice President, shared the progress of three major tasks in hisspeech. Guangdong regional canteen ingredients, security, cleaning servicesunified bidding, which saved the costs. Withregard to the construction of a unified recruitment platform for workers inGuangdong Province, the progress of the project is going smoothly and setup the platform will help the company to save expenses in the workerrecruitment costs. The next three to five years, headquartersfactory will be relocated, mainly retain the central functional departments, and other relevantdepartments need to consider the positioning after three years. Mr. Cheok Kai Hock, Vice President, made the request on the company's work in 2018that emphasized the functional departments and BUs staff needs to effectivelyimprove their language skills to adapt to the company going global strategy. Inthe construction of overseas subsidiaries, Kaifa U.S.(KFUS) factory is underrenovation and is expected to be completed within this month. InfrastructureKaifa Malaysia (KFML)’s new factory is underway and it is hoped that it will beput into operation in September 2018. Kaifa Philippines (KFPI) production lineis being built, the design and the factory's culture is consistent with theheadquarters.In the future, KFML will be built as a support center foroverseas affiliates. KFUS is mainly aimed at the rapid introduction of productsamples and KFPI will become a more cost-effective factory. Speaking of thecompany's future development direction, Mr. Chock said the company willtransform from OEM enterprise to JDM / ODM enterprise, and emphasison R&D, project management and other capabilities. In order toprovide more solutions to customers, require employees to adapt and promotebusiness transformation.(Management Office)